Available WITH INTERACTIVE MAPS at: https://www.attomdata.com/news/market-trends/home-sales-prices/2024-annual-tax-report
Summary:
ATTOM released its 2024 Property Tax Analysis for 85.7 million U.S. single-family homes which shows that $357.5 billion in property taxes were levied on single-family homes in 2024, down 1.6 percent from 2023.
- The average tax bill rose 3% to $4,172 in 2024 despite a slight dip in effective tax rates.
- Home values rebounded 4.8% to an average of $486,456 after a decline in 2023.
- Effective tax rates decreased slightly to 0.86%, down from 0.87% in 2023.
Commentary:
Interestingly, at +21/1%, the Raleigh-Durham metro area had the largest increase in average tax bills, while Charlotte, NC had the largest decrease at -7.3 %.
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